Tejas Networks reported a 55% year-on-year increase in Q2 FY27 revenue, reaching INR 406 crores from INR 262 crores in the previous year. The company also saw an improvement in its net loss, which narrowed to INR 207 crores. The order book stood at INR 2,315 crores, bolstered by shipments for the BSNL 4G network expansion and new international 5G solution contracts.
Tejas Networks Reports Strong Q2 FY27 Performance
Tejas Networks Limited announced its financial results for the second quarter of FY27, showcasing significant growth in revenue and an improved financial position. The company reported a revenue of INR 406 crores for the quarter, a substantial 55% increase compared to INR 262 crores in the same period of FY26. This growth reflects a continued recovery in business performance and successful execution of key projects.
Financial Highlights and Operational Improvements
The profit after tax for Q2 FY27 showed an improvement, with a loss of INR 207 crores, compared to a loss of INR 307 crores in Q2 FY26. At the EBITDA level, the company reported a negative INR 108 crores, an improvement from the negative INR 293 crores in Q2 FY26. The order book at the end of the quarter stood at INR 2,315 crores, a notable increase from INR 1,529 crores in Q1 FY27. This expansion was largely driven by orders related to the BSNL 4G network expansion, including the receipt of LOI and subsequent POs for over 18,000 sites.
Key Business Drivers and Future Outlook
Revenue in Q2 FY27 was driven by shipments of optical IP and FTTx products to private operators and system integrators, alongside initial shipments for the BSNL expansion order. The company also commenced shipments of its end-to-end 5G solution to an international customer in South America. Tejas Networks filed 26 patents in Q2, bringing its global patent count to 748. Looking ahead, the company sees strong business visibility for the coming quarters, with wireless business maturing and increasing international engagements. The BSNL expansion order is expected to significantly reduce inventory and gross debt, paving the way for improved financial performance and a visible path to profitability in the upcoming years.
Segment Performance and Product Development
In the wireless segment, a major development was receiving the LOI for 18,685 sites for the BSNL 5G mobile network, with initial shipments already underway. The company is also actively engaged in Proof of Concept (POC) trials for its 5G solutions in North America and Asia Pacific regions. The wireline segment continues to gain market share in BharatNet, securing an LOI for IP/MPLS routers. Significant orders were also received for building a pan-India OTN network and supplying GPON FTTx products to Indian ISPs. Furthermore, Tejas Networks secured a new Tier 1 pan-African telecom operator for its 400-gig optical equipment.
Corporate Updates and Future Investments
Recent corporate updates include a logo refresh and participation in the India Mobile Congress, where the company demonstrated real-world applications of 6G sensing technology. Tejas Networks also won the TEPC Export Excellence Award and inaugurated its next-generation connectivity lab focusing on 5G advanced, 6G, and AI-powered network intelligence. Investments are ongoing in AI RAN, high-capacity low-latency access platforms, and AI-based network management solutions like the Tejas Observability Platform.
Source: BSE
